Everyone can stretch their installment up to 45 days with zero interest charge.
With the Covid-19 pandemic, many are looking to stretch their cash reserves and convertCASH, a revolutionary fintech platform is helping its users to do exactly that. The fast-growing, innovative fintech solution allows users to stretch their monthly car and home instalments for up to 45 days without any interest charges.
Launched in November 2020, convertCASH aims to help communities with cash flow issues handle their monthly instalments. convertCASH aims to reach one million registered car users in Malaysia and 200 million globally.
“convertCASH rethinks the way of your monthly car/home installment & adding additional value on top of user’s monthly car and home fixed installments,” said Jason Bak, the co-founder of convertCASH.
“Monthly commitments and all these have become stressful to everyone. convertCASH “Pay for you first” benefits to help everyone to ease their monthly burden. Users can rely on convertCASH even if they do not have sufficient cash in the bank to settle their monthly car or home installment.”
“It is interest free, no borrowing with instant approval. We only require the users to have credit card as security while using convertCASH’s “Pay for you First” benefit. They can then pay back to the credit card up to 45 days later without any interest charge,” added Jason.
Traditionally, if a car and/or homeowners do not have enough cash for the month, they will have to borrow money from friends or family but with convertCASH, they just need to fill in the recipient details in the convertCASH app and the installment will be made within one working day.
“No application needed, no loan, no borrowing,” enthused Jason.
Users can start using convertCASH in three simple steps:
Step 1: Download the App
Step 2: Register with the users’ email and mobile phone
Step 3: Start utilising convertCASH “We pay for you first” features
“The maximum transaction amount that can be made via convertCASH is US$5,000 (RM20,000.00). To date, we have an average amount of US$123,786 (RM500,000) transacted via convertCASH platform. Every transaction means a lot to us. It means that we have successfully helped people to ease their problem.” Jason added.
Using convertCASH gives users peace of mind and removes the immediate stress of having to meet monthly fixed car and home installments. And with the convertCASH app, users can make payments on the go – wherever and whenever.
Users seamlessly initiate payment within minutes all from the convertCASH mobile app. With the platform’s instant approval and zero-risk approach, they can enjoy free credit extensions to help ease their fixed monthly financial burdens.
“With our incomparable borderless digital economy strategy, our objective is to help more companies and users change their lives with the convergence of the digital and traditional economies,” said Jason.
As an installment payment extension as a service (PXAAS) and global cash reward eco-system platform, convertCASH embraces the Steve Jobs’ philosophy of “Create a product to change people’s lives.”
“Our ‘We Pay for You First’ approach brings instant added value and will be a significant disruptor in the fintech space. Our team is well-prepared to realise and embrace the fullest potential of the emerging global digital economy.”
Jason added: “We believe convertCASH is the first to merge traditional business with the digital economy and take the principles enjoyed by the likes of Uber and Airbnb into new territory.”
Headquartered in Singapore, convertCASH is experiencing rapid growth across Malaysia, Indonesia, Australia and the ASEAN region. The platform plans to expand to Hong Kong, Thailand, Vietnam and Philippines in the second quarter of the year and to Japan, Korea, China in 2022.
The app is available on IOS, Android and Huawei.